Truist Financial Corp Increases Position in Element Solutions Inc (NYSE:ESI)

Truist Financial Corp raised its position in Element Solutions Inc (NYSE:ESI) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 201,900 shares of the company’s stock after purchasing an additional 6,090 shares during the quarter. Truist Financial Corp’s holdings in Element Solutions were worth $4,672,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of Element Solutions by 85.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,318 shares of the company’s stock worth $26,000 after acquiring an additional 608 shares during the period. CWM LLC increased its position in shares of Element Solutions by 95.9% during the fourth quarter. CWM LLC now owns 1,810 shares of the company’s stock worth $42,000 after acquiring an additional 886 shares during the period. Signaturefd LLC increased its position in shares of Element Solutions by 63.8% during the fourth quarter. Signaturefd LLC now owns 2,849 shares of the company’s stock worth $66,000 after acquiring an additional 1,110 shares during the period. Arlington Trust Co LLC purchased a new stake in shares of Element Solutions during the fourth quarter worth $141,000. Finally, Bailard Inc. purchased a new stake in shares of Element Solutions during the fourth quarter worth $211,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Insider Transactions at Element Solutions

In other news, EVP Michael Goralski sold 11,604 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $23.20, for a total transaction of $269,212.80. Following the completion of the sale, the executive vice president now owns 143,446 shares in the company, valued at $3,327,947.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Michael Goralski sold 11,604 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $23.20, for a total transaction of $269,212.80. Following the completion of the sale, the executive vice president now owns 143,446 shares in the company, valued at $3,327,947.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Carey J. Dorman sold 1,410 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $23.20, for a total transaction of $32,712.00. Following the sale, the chief financial officer now owns 177,113 shares of the company’s stock, valued at approximately $4,109,021.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 97,203 shares of company stock worth $2,255,110. Company insiders own 7.90% of the company’s stock.

Analyst Upgrades and Downgrades

ESI has been the topic of a number of recent research reports. UBS Group upped their price objective on Element Solutions from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Barclays boosted their target price on shares of Element Solutions from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Mizuho boosted their target price on shares of Element Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. TheStreet upgraded shares of Element Solutions from a “c+” rating to a “b” rating in a research note on Tuesday, February 20th. Finally, Wolfe Research began coverage on shares of Element Solutions in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.00.

Element Solutions Stock Performance

NYSE ESI opened at $23.82 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.63 and a quick ratio of 2.43. Element Solutions Inc has a 1 year low of $17.53 and a 1 year high of $25.81. The company has a market capitalization of $5.77 billion, a PE ratio of 44.11, a P/E/G ratio of 1.86 and a beta of 1.32. The company has a fifty day moving average of $24.20 and a two-hundred day moving average of $22.44.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Monday, April 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. Element Solutions had a net margin of 5.62% and a return on equity of 13.96%. The company had revenue of $575.00 million during the quarter, compared to the consensus estimate of $588.17 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Element Solutions’s revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts expect that Element Solutions Inc will post 1.39 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.32 annualized dividend and a yield of 1.34%. Element Solutions’s dividend payout ratio is presently 59.26%.

Element Solutions Company Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.